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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Marq Spencer who wrote (3719)	11/25/1998 9:01:00 PM
From: Melissa McAuliffe	Read Replies (1) \| Respond to of 4509

It's definitely a craze. I just read an article somewhere about a stock that everyone jumped on because it was mentioned on some TV show and was another internet stock. Funny thing was that I guess when they gave the symbol it was the symbol for a different stock than the one they were talking about. So it seems everyone who was listening put in an order to buy the stock of the symbol given and ended up buying the wrong stock. I think this was on the street.com the other day. But goes to show you how nuts people are right now about these internet stocks.

To: Marq Spencer who wrote (3719)	11/25/1998 11:15:00 PM
From: gc	Respond to of 4509

Brian, I suppose your post was intended for Raptor, not for me. However, I happen to be able to answer your question. "Insane" means "passing up opportunities to make money". In the end, it is judged by your profit or loss in your investment. As far as I am concerned, I am perfectly sane if judged by that standard. To make money in wall street, you don't need to read income statements. You just need to read market pulse. Hope it helps. gc

To: Marq Spencer who wrote (3719)	11/26/1998 1:38:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 4509

Brian, it seems to me that internet stocks are the "ultimate greater fool theory" in action. And looking at the posts from investors in this field it seems obvious that there is truth in this assertion. Nobody with any credibility seems to contend that there is sufficient potential business to justify the kind of pricing the market has placed on these stocks. This is one of my favorite tulips: biz.yahoo.com Just look at the "earnings" history and expected "earnings". TTFN, CTC